people, as well as creating a large numbers of new jobs and significantly increasing productivity and wages. Our approach …

overtake the U.S. Second, differences in total factor productivity levels across economies are substantial--roughly the same … distribution. Finally, there is little reason to expect that the U.S. will maintain its position as world leader in terms of output …

In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier … speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and … worldly pleasures and aggregate productivity takes off. An extension of the basic model investigates the Protestant …

One of the most important lessons in economics is that productivity is key to economic growth. Productivity is defined … in economic theory as the ratio of output over input. Productivity is mainly driven by four components: innovation …